IHDG vs. PATN

Last updated Jun 24, 2026

IHDG (WisdomTree International Hedged Dividend Growth Fund) and PATN (Pacer Nasdaq International Patent Leaders ETF) are both Foreign Large Cap Equities funds - IHDG tracks the WisdomTree International Hedged Dividend Growth Index while PATN tracks the Nasdaq International Patent Leaders Index. Both are passively managed. Over the past year, IHDG returned 18.72% vs 65.39% for PATN. A 0.75 correlation means they provide meaningful diversification when combined. IHDG charges 0.58%/yr vs 0.65%/yr for PATN.

Performance

IHDG vs. PATN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Hedged Dividend Growth Fund (IHDG) and Pacer Nasdaq International Patent Leaders ETF (PATN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHDG achieves a 7.69% return, which is significantly lower than PATN's 34.64% return.

IHDG

• 1D: -1.36%
• 1M: 3.44%
• YTD: 7.69%
• 6M: 7.95%
• 1Y: 18.72%
• 3Y*: 11.73%
• 5Y*: 7.83%
• 10Y*: 10.99%

PATN

• 1D: -5.19%
• 1M: 4.01%
• YTD: 34.64%
• 6M: 35.70%
• 1Y: 65.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHDG vs. PATN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IHDG WisdomTree International Hedged Dividend Growth Fund	7.69%	14.17%	-2.08%
PATN Pacer Nasdaq International Patent Leaders ETF	34.64%	40.01%	-1.73%

Correlation

The correlation between IHDG and PATN is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.75

The correlation between IHDG and PATN has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

IHDG vs. PATN - Sectors Allocation Comparison

Sectors	IHDG	PATN
Industrials	24.5%	14.8%
Consumer Cyclical	19.2%	7.0%
Financial Services	15.8%	0.5%
Technology	11.2%	52.5%
Healthcare	9.4%	9.4%
Communication Services	5.8%	6.1%
Basic Materials	5.1%	2.4%
Consumer Defensive	4.3%	5.2%
Energy	3.7%	2.1%
Utilities	0.8%	-
Real Estate	0.3%	-

Return for Risk

IHDG vs. PATN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHDG

IHDG Risk / Return Rank: 39
IHDG Sharpe Ratio Rank: 39
IHDG Sortino Ratio Rank: 40
IHDG Omega Ratio Rank: 38
IHDG Calmar Ratio Rank: 37
IHDG Martin Ratio Rank: 43

PATN

PATN Risk / Return Rank: 87
PATN Sharpe Ratio Rank: 89
PATN Sortino Ratio Rank: 82
PATN Omega Ratio Rank: 87
PATN Calmar Ratio Rank: 87
PATN Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHDG vs. PATN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Hedged Dividend Growth Fund (IHDG) and Pacer Nasdaq International Patent Leaders ETF (PATN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IHDG	PATN	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.75	-1.41
Sortino ratio: Return per unit of downside risk	1.95	3.37	-1.42
Omega ratio: Gain probability vs. loss probability	1.24	1.49	-0.25
Calmar ratio: Return relative to maximum drawdown	1.79	4.56	-2.77
Martin ratio: Return relative to average drawdown	6.63	17.76	-11.12

IHDG vs. PATN - Sharpe Ratio Comparison

The current IHDG Sharpe Ratio is 1.34, which is lower than the PATN Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of IHDG and PATN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IHDG vs. PATN - Drawdown Comparison

The maximum IHDG drawdown since its inception was -29.24%, which is greater than PATN's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for IHDG and PATN.

Drawdown Indicators

	IHDG	PATN	Difference
Max Drawdown Largest peak-to-trough decline	-29.24%	-16.77%	-12.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-14.40%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	—	—
Current Drawdown Current decline from peak	-1.64%	-5.19%	+3.55%
Average Drawdown Average peak-to-trough decline	-4.02%	-3.17%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	3.69%	-0.86%

Volatility

IHDG vs. PATN - Volatility Comparison

The current volatility for WisdomTree International Hedged Dividend Growth Fund (IHDG) is 4.73%, while Pacer Nasdaq International Patent Leaders ETF (PATN) has a volatility of 12.88%. This indicates that IHDG experiences smaller price fluctuations and is considered to be less risky than PATN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHDG	PATN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	12.88%	-8.15%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	21.37%	-9.49%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	23.92%	-9.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	22.26%	-7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	22.26%	-6.62%

IHDG vs. PATN - Expense Ratio Comparison

IHDG has a 0.58% expense ratio, which is lower than PATN's 0.65% expense ratio.

Dividends

IHDG vs. PATN - Dividend Comparison

IHDG's dividend yield for the trailing twelve months is around 1.78%, more than PATN's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHDG WisdomTree International Hedged Dividend Growth Fund	1.78%	1.84%	2.42%	1.70%	13.79%	2.77%	1.94%	1.99%	0.22%	1.28%	1.91%	3.04%
PATN Pacer Nasdaq International Patent Leaders ETF	1.61%	2.25%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IHDG and PATN in my portfolio?

IHDG and PATN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHDG or PATN?

PATN has higher volatility (12.88%) compared to IHDG (4.73%). In terms of maximum drawdown, IHDG dropped -29.24% vs PATN's -16.77%.

Which ETF is better, IHDG or PATN?

On 1-year performance, PATN leads with 65.39% vs 18.72% for IHDG. On fees, IHDG is cheaper at 0.58% per year. On volatility, IHDG has been the lower-risk option at 4.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHDG or PATN?

Over the 1-year period, PATN has performed better with a 65.39% return vs 18.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHDG or PATN?

IHDG is cheaper with a 0.58% expense ratio, compared with 0.65% for PATN.

Which ETF pays a higher dividend yield, IHDG or PATN?

IHDG has the higher dividend yield at 1.78%, compared with 1.61% for PATN.

What is the main difference between IHDG and PATN?

IHDG tracks WisdomTree International Hedged Dividend Growth Index, while PATN tracks Nasdaq International Patent Leaders Index. They also come from different issuers: WisdomTree and Pacer. Their fees differ too: 0.58% for IHDG and 0.65% for PATN.

Which has better risk-adjusted returns?

PATN currently has the higher Sharpe Ratio (2.75 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.